@Brett Chien normally the HML will want to do some type of appraisal/evaluation of the value themselves. 

@Chance Brookins I'd get put on a weekly drip and practice evaluating deals.

I currently have about $8,000 in capital after paying for tuition.I have been researching through books, forums, and this site and my current plan is to house-hack a 2-4 unit multi-family, financed with an FHA owner-occupant loan so I can utilize the 3.5% down, since I don't have a ton of capital to work with.I am looking for anyone who has gone through a similar strategy and can provide general advice, things they wish they would have done differently, things they did that they would NOT have done differently, etc..My main areas of question at the moment are:How can I effectively evaluate a specific market area to determine a reasonable purchase price and reasonable rent amounts for a property in that area?

@Victoria Knutson when evaluating turn key companies, here are some key things to look for and avoid.

I just use 24" diameter logs from tree trunks to use as stools. 

Hi Issac, I think you will want to break out the expenses in detail to evaluate whether the $2800 in income will cover all the inputs. 

I need some help from more experienced investors to help me evaluate this proposition to see if the numbers even make sense, and if they do, I will need the financing help. 

The controversy is how to do a preliminary estimate of CapEx in the early stages of evaluating a property.Upon scouring the internet, podcasts, and picking investor's brains, these are the options to do an early estimate CapEx: Use 5-10% of GSI (however, I've seen as high as 15%)$200-$400/month per door$/month per unit - this is all over the place ($50-$800+)Calculating all CapEx items savings per month$0.67 per square foot/yearMy limited criticism for each method:Most common recommendation I find is 5%.

Multiple times now they have failed to cancel a property after we have logged the cancellation both through their system and with our agent.

Bust.And every day, they log into their online accounts, look at their 401K, and hope they made money and didn't lose it that day.